HIE (Miller/Howard Highome Equity Fund) Dividend Payout Ratio : 0.24 (As of Apr. 2024)

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What is Miller/Howard Highome Equity Fund Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Miller/Howard Highome Equity Fund's Dividend Payout Ratio for the months ended in Apr. 2024 was 0.24.

The historical rank and industry rank for Miller/Howard Highome Equity Fund's Dividend Payout Ratio or its related term are showing as below:

HIE' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.12 Med: 1.21 Max: 6.12
Current: 0.6

During the past 7 years, the highest Dividend Payout Ratio of Miller/Howard Highome Equity Fund was 6.12. The lowest was 0.12. And the median was 1.21.

HIE's Dividend Payout Ratio is ranked better than
53.69% of 1017 companies
in the Asset Management industry
Industry Median: 0.68 vs HIE: 0.60

As of today (2024-12-11), the Dividend Yield % of Miller/Howard Highome Equity Fund is 4.87%.

During the past 7 years, the highest Trailing Annual Dividend Yield of Miller/Howard Highome Equity Fund was 28.47%. The lowest was 4.86%. And the median was 8.72%.

Miller/Howard Highome Equity Fund's Dividends per Share for the months ended in Apr. 2024 was $0.31.

During the past 12 months, Miller/Howard Highome Equity Fund's average Dividends Per Share Growth Rate was 2.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -10.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -18.50% per year.

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of Miller/Howard Highome Equity Fund was -10.70% per year. The lowest was -26.20% per year. And the median was -20.10% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Miller/Howard Highome Equity Fund Dividend Payout Ratio Historical Data

The historical data trend for Miller/Howard Highome Equity Fund's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Miller/Howard Highome Equity Fund Dividend Payout Ratio Chart

Miller/Howard Highome Equity Fund Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Dividend Payout Ratio

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1.62

0.12

1.21

6.12

Miller/Howard Highome Equity Fund Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
Dividend Payout Ratio	Get a 7-Day Free Trial									0.46	-	0.83	-	0.24

Competitive Comparison of Miller/Howard Highome Equity Fund's Dividend Payout Ratio

For the Asset Management subindustry, Miller/Howard Highome Equity Fund's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Miller/Howard Highome Equity Fund's Dividend Payout Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Miller/Howard Highome Equity Fund's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Miller/Howard Highome Equity Fund's Dividend Payout Ratio falls into.

Miller/Howard Highome Equity Fund Dividend Payout Ratio Calculation

Miller/Howard Highome Equity Fund's Dividend Payout Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Oct. 2023 )	/	EPS without NRI (A: Oct. 2023 )
	=	0.612	/	0.1
	=	6.12

Miller/Howard Highome Equity Fund's Dividend Payout Ratio for the quarter that ended in Apr. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Apr. 2024 )	/	EPS without NRI (Q: Apr. 2024 )
	=	0.306	/	1.29
	=	0.24

Miller/Howard Highome Equity Fund (NYSE:HIE) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Miller/Howard Highome Equity Fund Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Miller/Howard Highome Equity Fund's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Miller/Howard Highome Equity Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Miller/Howard High Income Equity Fund (NYSE:HIE) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

45 Pine Grove Avenue, Suite 301, Kingston, NY, USA, 12401

Website

https://www.hiefund.com

Miller/Howard High Income Equity Fund is a closed-end, diversified management investment company. The fund's primary investment objective is to seek a high level of current income with a secondary objective of capital appreciation. It invests under normal market conditions, a majority of its total assets in dividend or distribution paying equity securities of U.S. companies and non-U.S. companies traded on U.S. exchanges. Its portfolio of investments consists of securities of different sectors such as Natural Gas Transmission, Real Estate Investment Trusts, Petroleum Refining, Oil and Gas Extraction, Electric Services and others.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Paul Charles Kazarian	director	C/O SABA CAPITAL MANAGEMENT, L.P., 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
James E Hillman	director	10 DIXON AVENUE, WOODSTOCK NY 12498
Eva M Horowitz	officer: Secretary	45 PINE GROVE AVENUE, SUITE 301, KINGSTON NY 12401
Sacco Mayra	director	10 DIXON AVE, WOODSTOCK NY 12498
Catherine Mari Johnston	director, officer: President	10 DIXON AVE, WOODSTOCK NY 12498
Dana Troxell	officer: President	C/O MILLER/HOWARD HIGH EQUITY INCOME FND, P.O. BOX 549, WOODSTOCK NY 12498
Lowell Miller	officer: Chief Executive Officer	PO BOX 549, WOODSTOCK NY 12498
Roger Conrad	director	3516 HALCYON DRIVE, ALEXANDRIA VA 22305
Charles I Leone	director	C/O US WIRELESS DATA INC, 805 THIRD AVENUE, NEW YORK NY 10022
Paul Brook	officer: Chief Compliance Officer	MILLER/HOWARD HIGH EQUITY INCOME FUND, P.O. BOX 549, WOODSTOCK NY 12498
Helen Hamada	officer: Chief Financial Officer	PO BOX 549, WOODSTOCK NY 12498
Annemarie Gilly	officer: Chief Operating Officer	PO BOX 549, WOODSTOCK NY 12498
Leslie John E Iii	officer: Vice President	MILLER/HOWARD HIGH EQUITY INCOME FUND, P.O. BOX 549, WOODSTOCK NY 12498